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Buxton ND | XR,,,We've kinda had a history in here of Houston and the rocket ship NOT being a good sign.
Spreading ZSX14/15 as well as hedging is my guess,this last move down has seen a sharp rise in OI,producers selling into a down market,same old same old. 2015 corn/bean ratio is 2.53 and dropping fast to discourage bean acres,trade will run with this for awhile as a trend has developed,plus there's lots of air under this spread chart.
Tonight's strength IMO is China/someone buying beans AGAIN, but it takes more then exports to rally a market guys and gals. China bought a manure pile last week and what did beans do ? ? ? | |
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Houston - we have buying
